The team will move to Richmond in 2013. An exact location for the training camp is still being determined.

“There are no locations that are not being considered,” said Richmond Mayor Dwight Jones when asked where the team would hold its training camp.

The mayor said a task force would be established to help determine the best Richmond locations for the Redskins to hold camp.

The mayor said he believed the Redskins move would be a boon for Richmond tourism.

Governor McDonnell approved a $4 million performance-based grant to help convince the Redskins to stay in Virginia and expand their Northern Virginia facilities.

The Washington Redskins were recently ranked the second most valuable team in the NFL, according to Forbes.com. The website said the team was valued at $1.6 billion.

When asked why the state would off a mufti-million dollar grant to the team, the governor called it a “reasonable” investment.

“While we’re providing this $4 million grant, when you look at the total tax, state and local tax revenue that’s $9 million plus a year,” the Governor said. “Had the Redskins chosen to go to another jurisdiction, there would be an immediate and sudden impact.”